KBC to boost triple bottom line performance of three GCC oil refineries

Three oil refineries to benefit from enhanced resilience from KBC’s Profit Improvement Program amid growing risk of oil demand under-performance

Via the Profit Improvement Programs, KBC will identify and implement a series of on-site productivity and efficiency improvements across three GCC oil refineries.
Via the Profit Improvement Programs, KBC will identify and implement a series of on-site productivity and efficiency improvements across three GCC oil refineries.

To combat imminent global economic headwinds, KBC (A Yokogawa Company) announced it has been awarded Profit Improvement Programs (PIP) for three oil refineries in the Gulf Cooperation Council (GCC) region. The PIPs, which are focused on improving techno-economic aspects of refinery operations, will deliver improved safety, reliability and profitability outcomes that enhance triple bottom line performance.

The World Bank projects global economic growth to soften in 2019 to 2.9%, a 10-year low. This is based on forecast weakening of international trade and manufacturing activity, elevated trade tensions, and substantial financial market pressures (being experienced) in some large emerging markets. Therefore, the Middle Eastern refineries are embarking on value chain optimisation efforts to increase asset productivity and associated supply chain efficiency, thereby boosting resilience to market volatility.

Via the PIP, KBC will identify and implement a series of on-site productivity and efficiency improvements across each of the refineries focusing on capacity utilisation, molecular management, yield improvement, corrosion and fouling mitigation and energy efficiency.

"Our observation is that global forecasts for refined products are being revised down, especially gasoil/diesel, gasoline and fuel oil cracks," explains Andrew Howell, CEO of KBC.

"KBC’s PIP campaigns are vital for assuring capital efficiency by developing the necessary operational flexibility and identifying strategic investments so that return on capital employed targets can be easily and routinely exceeded."

For the latest refining and petrochemical industry related videos, subscribe to our YouTube page.

For all the latest refining and petrochemical news from the Middle East countries, follow us on Twitter and LinkedIn, like us on Facebook.

You may also like

ADNOC invests $245mn to upgrade main oil lines and Jebel Dhanna Terminal
ADNOC Onshore awards two EPC contracts to increase the capacity of two main oil lines and upgrade crude receiving facilities at the Jebel Dhanna Terminal
Haldor Topsoe sets out to become the global leader in technologies to reduce carbon emissions
A new purpose and vision launch Topsoe’s ambition to lead the drive to reduce carbon emissions from fuels and chemicals
APICORP posts $54.8mn net profit in H1-2020
Gross operating income at $144.7mn and net income at $54.8mn despite adverse global conditions
Mammoet’s heavy lifting and transport solutions for a turnaround at Saudi Aramco’s refinery
Early involvement, innovative engineering and equipment availability are key to narrow shutdown window at Riyadh refinery

MOST POPULAR